Apple Inc. fell the most in almost five months after unveiling two iPhones that were criticized by analysts and reviewers as lacking enough new features or a low enough price to attract a broad range of first-time users.
Corn futures fell to the lowest since 2010 on speculation that a record U.S. crop will boost world reserves next year to the highest since 2002. Wheat dropped to the cheapest in 13 months, while soybeans gained.
Currency strategists from Barclays Plc to Deutsche Bank AG are telling investors to sell the yuan, this year’s best-performing emerging-market currency, as growth slows in the world’s second-largest economy and inflows wane.
Investors are finding that “fear” may be appropriate now that their worst fears are coming to fruition as U.S. interest rates rose this week creating the potential for “stalling” what has been an “economic improvement” in the markets.
Goldman Sachs Group Inc. cut its “near-term” outlook for commodities and reduced forecasts for oil and coffee amid prospects for weak demand from China to Europe. The bank also exited a position on lower gold prices.